The American Opportunity Credit and Lifetime Learning Credit are examples of tax expenditures.

Name: The American Opportunity Credit and Lifetime Learning Credit are examples of tax expenditures.
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Tax expenditures are government provisions that grant tax breaks or exemptions for certain activities or groups. The American Opportunity Credit and Lifetime Learning Credit are tax expenditures because they allow taxpayers to claim tax credits to offset the cost of higher education expenses.

The American Opportunity Credit and Lifetime Learning Credit Are Examples